Nigel Farage owns a share in a Bitcoin treasury firm led by Kwasi Kwarteng. The move deepens the links between crypto and Farage’s populist political movement. Nigel Farage.
Farage invested £215,000 in Stack BTC through his media company Thorn In The Side Ltd, according Disclosures relating to an fundraising round by the London listed firm. Reform UK’s leader now owns a share of the company of approximately 6.3%.
The investment forms part of a £260,000 capital raise that also included participation from Blockchain.com. Stack released 5.2 million shares for 5p each. These shares are set to be traded at the Aquis growth market.
Farage’s Bitcoin advocacy
Nigel Farage’s investment is in line with his vision of integrating Bitcoin into U.K. financial landscape.
“I have long been one of the UK’s few political advocates for bitcoin,” Farage said. “London and the UK have served as a center of global finance, and the country should aim to serve as a global hub for the crypto industry.”
Bitcoin 2025 will be held in May 2025. conference In Las Vegas, he promised to establish a Bitcoin Reserve at the Bank of England as well as introduce legislation to encourage the adoption of Bitcoin should he become prime minister.
Farage has pledged to create a regulatory climate that will encourage Bitcoin’s integration with traditional financial systems.
Reform UK became The first European political party to accept Bitcoin contributions. The party is partnering with UK payment company Radom to modernize its fundraising efforts and attract supporters who are interested in Bitcoin. This will reinforce Farage’s position in cryptopolitics.
Nigel Farage said that the government could own bitcoins as part a sovereign-wealth structure linked to technology and financial infrastructure.
Christopher Harborne, a major cryptocurrency investor and party member is also included in the list. among Its financial backers. Harborne is a digital asset trader and venture investor who has made large contributions to the party in the last few years.
Stack BTC is a key player in Bitcoin Treasury Management
Stack BTC is a key tool for helping institutions and corporations manage Bitcoin effectively.
Firms can use its secure storage services, risk management and advisory services in order to integrate Bitcoin into their financial operations.
Farage hopes to improve the capabilities of Stack BTC and encourage UK companies to adopt Bitcoin as a viable treasury.
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Source: bitcoinmagazine.com
